The Fred Report - Mid Week Update June 12, 2013

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Traders should be adding stocks, not because the market looks great, but because the risk is well defined (as we said, closes below 160 would be our benchmark).  We remain long-term bond bears and would use a rally here to eliminate bond positions.  Commodities continue to look like they are trading in a base, and we are seeing rally indications in Agriculture and Oil.

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